Tredje AP fonden Sells 936 Shares of News Co. (NASDAQ:NWSA)

Tredje AP fonden lessened its holdings in News Co. (NASDAQ:NWSA) by 1.6% in the second quarter, Holdings Channel reports. The firm owned 59,422 shares of the company’s stock after selling 936 shares during the period. Tredje AP fonden’s holdings in News were worth $1,638,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. International Assets Investment Management LLC purchased a new stake in News during the second quarter worth about $26,000. Acadian Asset Management LLC grew its position in shares of News by 95.1% during the 2nd quarter. Acadian Asset Management LLC now owns 1,038 shares of the company’s stock valued at $28,000 after acquiring an additional 506 shares during the period. Fidelis Capital Partners LLC purchased a new stake in shares of News during the 1st quarter worth approximately $34,000. Innealta Capital LLC purchased a new position in News in the second quarter valued at approximately $46,000. Finally, Covestor Ltd grew its holdings in News by 125.8% during the first quarter. Covestor Ltd now owns 1,727 shares of the company’s stock valued at $45,000 after purchasing an additional 962 shares during the period. 66.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on the company. Loop Capital boosted their target price on News from $38.00 to $39.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. JPMorgan Chase & Co. upped their price objective on shares of News from $34.00 to $37.00 and gave the company an “overweight” rating in a report on Thursday, August 15th. Four research analysts have rated the stock with a buy rating, According to MarketBeat.com, News currently has an average rating of “Buy” and a consensus target price of $38.00.

News Price Performance

News stock opened at $26.34 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.43 and a quick ratio of 1.33. News Co. has a one year low of $19.25 and a one year high of $28.62. The firm has a market capitalization of $15.01 billion, a P/E ratio of 73.17 and a beta of 1.34. The business has a fifty day moving average price of $27.20 and a 200-day moving average price of $26.48.

News (NASDAQ:NWSA) last posted its earnings results on Thursday, August 8th. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. News had a return on equity of 4.51% and a net margin of 2.64%. The business had revenue of $2.58 billion during the quarter, compared to analyst estimates of $2.49 billion. During the same quarter in the previous year, the firm earned $0.14 EPS. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. As a group, equities research analysts forecast that News Co. will post 0.87 EPS for the current year.

News Announces Dividend

The company also recently announced a Semi-Annual dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Wednesday, September 11th will be paid a $0.10 dividend. This represents a yield of 0.7%. The ex-dividend date of this dividend is Wednesday, September 11th. News’s dividend payout ratio is presently 55.56%.

News Profile

News Corporation, a media and information services company, creates and distributes authoritative and engaging content, and other products and services for consumers and businesses worldwide. It operates in six segments: Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, and Other.